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An investigation of the effects of taxes on work decisions on the example of the WFTC in the UK


Essay, 2005

8 Pages, Grade: A-


Abstract or Introduction

This essay deals with the Working Families Tax Credit (WFTC) which was introduced by the UK government in 1999. The WFTC is a wage subsidy for low income workers that is withdrawn above a certain level of income. To evaluate the impact and outcome of the imposition of this tax credit I will first of all use budget line analysis to predict the likely effects of the reform on labour supply.

Details

Title
An investigation of the effects of taxes on work decisions on the example of the WFTC in the UK
College
London School of Economics
Course
Public Finance
Grade
A-
Author
Year
2005
Pages
8
Catalog Number
V43098
ISBN (eBook)
9783638409711
File size
701 KB
Language
English
Notes
In 1999, the UK government introduced a Working Families Tax Credit (WFTC), which was a wage subsidy for low income workers (analogous to the US Earned Income Tax Credit) that was withdrawn above a certain level of income. This essay uses budget line analysis to predict the likely effects of the reform on labour supply and checks if these predictions are borne by empirical evidence.
Keywords
WFTC, Public, Finance
Quote paper
Frédérik Arns (Author), 2005, An investigation of the effects of taxes on work decisions on the example of the WFTC in the UK, Munich, GRIN Verlag, https://www.grin.com/document/43098

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